Who will really win in an Obamacare repeal
In one of the latest rounds of government-by-tweet, Donald Trump has once again revealed that he doesn’t have a clue about the markets for health care and health insurance.
“Also, deductibles are so high that it is practically useless,” wrote the president-elect on Wednesday about health insurance policies sold on the Obamacare exchanges. He also complained about “poor coverage” and “massive premium increases.”
Let’s start with those high deductibles. Apparently Trump is unaware that the man he has tapped to dismantle Obamacare, Rep. Tom Price of George, wants to steer us all into such “high deductible” insurance plans, with routine care paid for by patients from individual tax-free health savings accounts.
The reason Price and others like high-deductible policies is simple enough: They lower insurance premiums and give patients a strong financial incentive to consume only the routine care they need and shop around for the best value. But, as Price surely knows, it’s not possible to lower deductibles and lower premiums at the same time.
Trump faces the same dilemma when it comes to “poor coverage,” by which he means the medical services that insurers are required to pay for.
https://www.washingtonpost.com/news/wonk/wp/2017/01/06/how-repealing-obamacare-would-be-a-windfall-for-the-young-the-healthy-and-the-rich/?tid=pm_business_pop&utm_term=.a86bddbbdf76#comments
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